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CEY Centamin Plc

112.90
2.00 (1.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Centamin Plc LSE:CEY London Ordinary Share JE00B5TT1872 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 1.80% 112.90 112.50 112.80 113.00 110.60 111.00 5,275,340 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 788.42M 72.49M 0.0626 17.97 1.3B
Centamin Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker CEY. The last closing price for Centamin was 110.90p. Over the last year, Centamin shares have traded in a share price range of 77.25p to 115.00p.

Centamin currently has 1,157,244,916 shares in issue. The market capitalisation of Centamin is £1.30 billion. Centamin has a price to earnings ratio (PE ratio) of 17.97.

Centamin Share Discussion Threads

Showing 50876 to 50896 of 77150 messages
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DateSubjectAuthorDiscuss
02/7/2019
10:58
Srb rolling again..Gold is making a nice comeback today, I am very bullish on the exit price for gold this year.SRB having a dip before hitting new recent highs IMO. People trying to trade in and out...Loads of good stuff coming down the tracks1. Corninga PEA - Another resource upgrade?2. Final Coringa payment - hopefully out of cash in bank3. Strong gold price4. Cinderella Shear - could be a huge new play5. Increase in incumbant resource - based on current step out drill results6. Mortoring towards 100,000 ounce per annum producer..All in around a 30m package...Just keep buying the dips and hold those shares chaps.. Every time I make some money on a trade I am just grabbing a few more!
gregpeck7
02/7/2019
10:55
mcthick see post 32972 you obviously not paying attention at the back of the class, see me after school
trader365
02/7/2019
10:50
No wonder you trade every day including Xmas.
borisjohnsonshair
02/7/2019
10:50
Magic wallet now, that makes you 8% and doesn't go up or down!! You rock!
borisjohnsonshair
02/7/2019
10:49
Trader 365

You seem to have a big mouth but actually say very little . Why dont you state your position at the moment and why .

mknight
02/7/2019
10:44
Yer big plonker. No idea.
borisjohnsonshair
02/7/2019
08:26
Starting to move up. PRAT - please announce 70p again to give us more positive momentum
borisjohnsonshair
02/7/2019
08:17
Well well ... Prat And trader365 dire warning of a crash in gold and CEY is currently not playing out . Fingers crossed .
kennyp52
02/7/2019
08:03
Top man kenny52
joshuam
02/7/2019
07:45
DT a lost your £100k profit on the magic beans. Dropped 33% in 3 days.....but it's ok as you know how to predict its movement and value. 17 billion of em and only 4 more missing so they are worth 100k each......or 250k or 3k .... I get it.
borisjohnsonshair
02/7/2019
07:40
he's using his connections from the Foreign Office it might work
creditcrunchies
02/7/2019
07:38
Think emailing will get a reply Boris 🤔
kennyp52
02/7/2019
07:28
Full Q1 report to remind ourselves the positives ....

Centamin PLC
24 April 2019

For immediate release

24 April 2019

Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)

Quarterly Report
for the three months ended 31 March 2019
HIGHLIGHTS
Operational
· Sukari Gold Mine ("Sukari") produced 116,183 ounces of gold in the first quarter ("Q1"), above forecast of 105,000 - 115,000 ounces.
· Ongoing operational improvements delivered in the open pit and underground.
· Record processing plant throughput of 3.25Mt of ore at a 95% plant utilisation rate.
· Both unit cash costs and all in sustaining costs ("AISC") trending toward the lower end of annual guidance; cash costs of production of US$631 per ounce produced and AISC of US$898 per ounce sold.

Exploration
· Successful drilling campaign at Sukari continues to unlock more reserve and resource growth potential, identifying ore suitable for near- and medium-term production; Encouraging results from the Horus Deeps confirmed mineralisation remains open at-depth and along strike.

· Doropo Project resource update, increasing Indicated resource estimate by 58% to 2.13Moz Indicated and 0.8Moz Inferred with further positive results confirming structural extensions and resource upside.
· Maiden resource estimate at ABC Project of 650koz Indicated and 450koz Inferred.

Environmental, Social and Governance
· Good progress with succession planning and recruitment initiatives with the appointment of Dr Sally Eyre as Independent Non-Executive Director, Jeremy Langford as Chief Operating Officer ("COO"), as well as several high calibre individuals into key operational roles of Operations Director, Underground Manager, Technical Services and Planning Manager, and Supply Chain Manager.
· Group Lost Time Injury Frequency Rate ("LTIFR") of 0.60 per 200,000 workplace hours.

Financial
· Generated US$13.9 million of Group free cash flow (1), net of profit share payments to the Egyptian government and investing activities.
· Strong and flexible balance sheet with no debt, no hedging and cash and liquid assets(4) of US$331.6 million, as at 31 March 2019.
· 2018 final dividend approved at the Annual General Meeting, with US$34.6 million (3.0 US cents per share) to be paid to shareholders on 13 May 2019(5).

Outlook
· The Company is on track and reiterates annual guidance for 2019: gold production of 490,000 - 520,000 ounces, at cash costs of US$675-725 per ounce produced and an AISC of US$890-950 per ounce sold.
· Continued exploration focus with 2019 budget of US$40 million targeting Cleopatra exploration and decline development, reserve and resource expansion at Sukari underground, Doropo Project and ABC Project, while identifying new scalable targets for future exploration and growth upside.
· Updated resource, maiden reserve and Preliminary Economic Assessment ("PEA") for the Doropo Project to be completed by the end of H2 2019.
· Completion of 40MW (AC) solar power plant feasibility study at Sukari during H2 2019, with the scope to significantly reduce power costs and reliance on fossil fuels.
· Delivering on the Board succession programme to identify and appoint three Non-Executive Directors with one migrating to Non-Executive Chair.
· The Company will release 3-year outlook, including 2020 and 2021 guidance, in Q2 2019.

Andrew Pardey, CEO, commented:
"We have made a solid start, delivering Q1 ahead of expectations. Despite being the weakest quarter forecasted for 2019, it is encouraging to see the systems and process upgrades across all sections of the mine positively impacting performance. The Company is on track to deliver annual production and cost guidance for 2019. The focus remains firmly on delivering continued operational progress through tight compliance to plan.
A stronger second half for the year is forecast, delivering approximately 55% of the annual production guidance during H2 2019. This will be driven by increasing quarter on quarter open pit ounce contribution, as the grade profile improves with depth, and further optimisation of our underground operations.

We are delighted to have welcomed so many top-tier technical individuals to the Company, including Dr Sally Eyre as a Non-Executive Director and Jeremy Langford as Chief Operating Officer. Their experience will be instrumental in maximising the value of the Company's asset base.
Centamin's clear corporate strategy, technical expertise, highly prospective asset base and robust balance sheet provide the solid foundation to generate sustainable cash flow, drive organic growth and maximise shareholder returns."

kennyp52
02/7/2019
07:23
Where's Dear Deidre when you need her?
creditcrunchies
02/7/2019
07:20
Joshuam .. they said a 3 year plan would be released “in” Q2 ... as this has now passed I think it more likely we are going to get it with the production reports due 18th July . There is a calendar on their website . It may still come earlier than that and it is a bit unprofessional of the company when shareholders expect a report and it does not come . The problem is being out when an RNS drops unexpected and it impacts the share price substantially as most seem to think the company is back on track . Having said that a lot of ground has been recovered and the share price might be reflecting it already but IMHO with the POG increase and it seemingly holding then 120p seems very possible .

“The Company will release 3-year outlook, including 2020 and 2021 guidance, in Q2 2019.”

kennyp52
02/7/2019
06:49
Whats your point? Anything to add?
borisjohnsonshair
02/7/2019
06:41
The narcissistic Borisjohnsons hair likes to think he's king of the board with attacks on all combined with weak trading/ business acumen that 180s depending on share price movement.
astjgroom
02/7/2019
06:31
Kenny52 is the rns imminent
joshuam
01/7/2019
20:16
Closing at 112p is quite encouraging . Needs to hold until the RNS IMO .
kennyp52
01/7/2019
20:09
Language Prat .. must have been dragged up from the gutter . PM in my book stands for Precious Metals and we are on a precious metal board here and trader365 related it to CEY .... who needs to read ?
kennyp52
01/7/2019
17:09
Ha ha kenny you thick c*nt... where did he say precious metals?
plat hunter
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